3Q 2023 Financial Performance

FINANCIAL PERFORMANCE | OPERATING EXPENSES Operating expenses growth of 13% from higher employee-related expenses ☐ Operating expenses increased 13% YoY to SAR 2,176mn in 9M 2023 due to increased employee-related costs and excess accrual reversals in 1Q 2022. ■ The Yoy cost to income ratio improved by 2.9ppts YoY to 30.5% in 9M 2023 from 33.4% in 9M 2022. Operating expenses as a percentage of average interest-earning assets (AIEA) increased 8bps YoY to 1.32% for 9M 2023. Operating Expenses Movement (SAR Mn) 2,176 +13% 203 1 ■ Quarterly operating expenses increased 2% QoQ due to higher employee-related costs, partly offset by lower G&A expenses. 1,930 Cost To AIEA Ratio (%) Cost To Income Ratio (%) 1.32% 30.5% (0) البنك السعودي الفرنسي Banque Saudi Fransi 42 2,176 Operating expenses 9M 22 Employee-related Premises-related Depreciation G&A Operating expenses 9M 23 Operating Expenses (SAR Mn) 740 9M 23 Operating Expenses Composition (SAR Mn) 2,176 +9% 1.33% 1.32% 1.32% 1.27% 1.23% 1.24% 33.2% 33.9% 33.4% 33.1% 30.7% 30.8% 30.5% 1.21% 604 648 678 723 712 724 740 Depreciation 7.8% +2% QoQ G&A 30.8% 1Q 22 1H 22 9M 22 FY 22 1Q 23 1H 23 9M 23 1Q 22 1H 22 9M 22 FY 22 1Q 23 1H 23 9M 23 1Q 22 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 3Q 23 Premises- related 2.3% Employee- related 59.0% | 35

View entire presentation